Angkasa Pura II to begin construction on Soekarno-Hatta airport’s Terminal 4 in 2021

The construction of Soekarno-Hatta International Airport's Terminal 4 in Tangerang, Banten, will begin in 2021, state-owned airport operator Angkasa Pura II president director Muhammad Awaluddin said...

UAW rejects new GM offer as strike forces 6,000 Mexico layoffs

  The United Auto Workers union said on Tuesday it rejected a new comprehensive offer from General Motors Co to end a two-week-old strike, saying...

PNM IM offers new investment option to investors

State-owned micro financing firm Permodalan Nasional Madani Investment Management (PNM IM) has officially listed an exchange-traded fund (ETF) on the Indonesia Stock Exchange (IDX)...

Wika eyes infrastructure projects in Nigeria

Publicly listed state construction firm PT Wijaya Karya (Wika) expects to secure contracts to develop infrastructure in Nigeria following a bilateral meeting between Indonesian...

Unilever to conduct stock split to lure more retail investors

Consumer goods giant PT Unilever Indonesia is planning to split its stocks in order to make them more affordable to retail investors. "We think that...

Pegadaian to invest Rp 500 billion in fintech firms this year

State-owned pawnshop PT Pegadaian has set aside Rp 500 billion (US$35.26 million) from its own funds to invest in a number of local financial...

State builder Waskita Karya sets sights on big projects in new capital city

State-owned construction firm Waskita Karya has set its sights on investing in a number of public-private partnership (PPP) projects in Indonesia's new capital city...

‘No use having electricity without internet’: Sri Mulyani talks about role of digital economy

Finance Minister Sri Mulyani urged stakeholders to build more digital infrastructure as the digital economy would play an important role in the country's economic...

Foreign investors dump Indonesian shares for bonds as global slowdown looms

Foreign investors are preferring Indonesian bonds over stocks amid signs of slowing global economic activities, Financial Services Authority (OJK) data shows.  Foreign net buys...

House passes human capital-oriented 2020 state budget bill into law

The House of Representative passed the 2020 state budget bill into law during a plenary meeting on Tuesday. Finance Minister Sri Mulyani Indrawati said that the...

Bank Mandiri, Perumnas target millennials in housing loan partnership

Publicly listed Bank Mandiri has signed an agreement with state-owned developer Perum Perumnas to provide mortgage loans (KPR) for 45 new housing projects throughout 40 regencies...

Palm oil export levies suspended to help producers cope with low prices

The government has decided to suspend an export tax imposed on crude palm oil (CPO) and its derivative products until next year to ease...

Indra GP

‘Don’t reject tech’, Kalla tells transportation sector

Vice President Jusuf Kalla has urged Indonesia’s transportation sector to embrace technological development to improve their services and be less resistant to new innovations.   “I...

PLN commits to build emergency power plant for Jakarta MRT after blackout paralyzes trains

State utility company PLN is committed to building a 101 megawatt (MW) diesel-fired power plant in Jakarta to provide emergency electricity for the city’s...

Crowdo teams up with banks in Bali to expand business

Crowdo, one of the major crowdfunding and peer-to-peer (P2P) lending platforms in ASEAN, is collaborating with three  banks in Bali as part of its program...

CEO of Indonesia’s most profitable state bank rejects new post

The president director of the country's most profitable state lender Bank Rakyat Indonesia (BRI), Suprajarto, immediately submitted his resignation after the State-Owned Enterprises (SOE)...

Mayapada seeks to raise Rp 1 trillion from rights issue

Publicly listed private lender Bank Mayapada is set to launch a rights issue to raise Rp 1 trillion (US$70.93 million) from the sale of 455.49...

PT PP eyes Krakatau Steel’s subsidiary to strengthen water supply business

Publicly listed state-owned construction firm PT PP is set to acquire steel producer PT Krakatau Steel’s drinking water supply subsidiary in an effort to...

Fire at Pertamina oil pipeline in E. Kalimantan

A fire broke out on an oil pipeline at state-owned oil and gas company Pertamina’s Refinery Unit (RU) V in Balikpapan, East Kalimantan, reportedly...

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